48980 Rabun Rd Bay Minette, AL 36507

Property Details for 48980 Rabun Rd

Year built

1965

Construction

WOOD

Lot size

0.70 lot acres

Property size

2,808 SF

Property type

Retail space

APN

18-08-27-0-000-005.001

APU

1808270000005001

Description

This exceptional 0.74-acre commercial/industrial land parcel presents a compelling investment opportunity in rapidly growing Bay Minette, Alabama. Situated on a corner lot with 345 feet of paved road frontage along Rabun Road/Highway 287 and Ransom Stewart Lane, this property boasts exceptional visibility and accessibility. The site benefits from a high average annual daily traffic count of nearly 10,000 vehicles, ensuring significant exposure for any development. Its strategic location is a key advantage, being only 0.8 miles from the upcoming Novelis Recycling plant (projected 1,000+ employees by 2025) and a half-mile from the South Alabama Mega Site. Furthermore, its proximity to Interstate 65 (2 miles, with over 20,000 vehicles daily) provides easy access to a wider regional market. The property is designated as an Opportunity Zone, offering potential tax advantages. Previously a service station, the site features four underground tanks (removal quote available). The absence of zoning allows for diverse development options, including but not limited to service stations, fast food establishments, multi-family complexes, hotels, retail centers, self-storage facilities, or RV parks. This property's combination of location, accessibility, and Opportunity Zone status makes it an ideal investment for those seeking strong returns in a thriving market. The asking price is $800,000, with a land value of $1,081,081.08 per acre. The property's APN is 05-18-08-27-0-000-005.001 and is offered fee simple.

Location Insight

City

Bay Minette

County

Baldwin

State

Alabama

Longitude

-87.7656

Latitude

30.9393

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments